Intel's bid for semiconductor firm signals more sector deals

by Brooke Sutherland, BDlive (avril 01 2015, 06:34)

NEW YORK — Intel’s pursuit of its biggest acquisition yet only builds the case for more semiconductor deals.

The world’s largest chip maker is in talks to buy Altera Corp and add to what is already the strongest start on record for takeovers in the industry. Investors rewarded Intel with an intraday gain on Friday that was the biggest in six years. The $149bn company’s foray into the buyers’ circle may give other semiconductor makers facing lacklustre growth more incentive to make acquisitions of their own.

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